443. Managers and entrepreneurs

YOUCAT Catechism + Catechism of the Catholic Church Lesson 443

Ave Maria series

What is the duty of managers and entrepreneurs?

Entrepreneurs and managers are concerned about the commercial success of their company. Besides their legitimate interests (including the profit motive), they also have a social responsibility to take into account the just concerns of their employees, suppliers, and customers, as well as of society as a whole, and also to be considerate of the environment. [2432]

Many large multinational companies retain untaxed profits in tax haven jurisdictions which offer no or very low corporate taxes, as well as other tax benefits.….. 443

2432 Those responsible for business enterprises are responsible to society for the economic and ecological effects of their operations. They have an obligation to consider the good of persons and not only the increase of profits. Profits are necessary, however. They make possible the investments that ensure the future of a business and they guarantee employment. --Catechism of the Catholic Church, Second Edition

People  Social Business  social entrepreneur